Indian Economic Growth Powers Ahead in June

All growth Indexes suggest a very positive outlook for GDP in the H2 2024


 
Indian Sales Managers report another month of rapid economic growth in June. All growth related indexes are now reflecting strong expansion across a wide variety of business sectors.

The Business Confidence Index showing the vital "animal spirits" factor in economic growth is indicating that continued rapid expansion in economic activity is expected over the third quarter of 2024.

And the Jobs Index, for so long reflecting business caution in recruiting after the difficult Covid period, is also riding high, adding to the impression that business confidence is increasingly positive.


The only negative revealed by the survey is the persistence of price inflation, with the Price Index currently at an 8 month high month . However the likelihood is that this index now reflects the inevitable price pressures caused by the rapid expansion of economic activity, rather than the surge in price inflation that was evident throughout the world post the Covid period.

Overall, the survey results are very good news for the Modi Government. And, as long as the business boom doesn't degenerate into a business bust, good news for investors.

Continue reading for more analysis, charts & data. [SUBSCRIBER ONLY]

Take a Trial to Continue Reading...

Unlock all insights, data tables, and tools.

Register now



More perspectives using World Economics data

Israeli Governance Downgraded
Israeli Governance Downgraded
Israel’s rating has declined on the World Economics Governance Index over the past decade. The Governance Index data determines the Governance grading of countries. Consequently, Israel currently attains a B-grade in 2025. More for subscribers:   See more data for Israel... See more data for Asia... See more Governance Ratings data... Read: Places for In...
Europe’s Combined GDP is far Larger than Russia's
Europe’s Combined GDP is far Larger than Russia
Americas support for Ukraine is no longer certain. What guarantee does Europe have of containing Russia without the big guns of the USA? It is said (attributed to George Bernard Shaw and many others) that God always favours the big battalions in war, meaning that whoever has the greatest resources is likely - sooner or later - to triumph over the many other factors that can play a part. If this is th...
Japanese Birth Rate to Fall Below Lowest Forecasts
Japanese Birth Rate to Fall Below Lowest Forecasts
The birth rate in Japan is estimated to have fallen even further in 2025 than the government’s worst forecasts. Based on data from the first 10 months of 2025, the number of births is likely to have dropped below the 670,000 figure of 2024 (which excludes children born to foreign residents). This would be the lowest level since government records began. This falling birth rate will mean Japan’s Total ...